Munich, 06 May 2013 – The Linde Group has decided to call and redeem the EUR 400 m Undated Subordinated Bond issued by Linde Finance B.V. in 2003 and guaranteed by Linde AG at its nominal amount. Call and Redemption of the bond shall be made in accordance with the terms and conditions of the Bond on July 3, 2013.
"Our solid financial position and strong equity base allow us to redeem the subordinated bond on its first call date," said Georg Denoke, member of the Executive Board and CFO of Linde AG. "This decision marks no change in our conservative financing strategy of long-term orientation and safeguarding liquidity. Any future plans for our other outstanding subordinated instruments' call options will be done on a case-by-case basis."
About The Linde Group
The Linde Group is a world-leading gases and engineering company with around 62,000 employees in more than 100 countries worldwide. In the 2012 financial year, Linde generated revenue of EUR 15.280 bn. The strategy of the Group is geared towards long-term profitable growth and focuses on the expansion of its international business with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment – in every one of its business areas, regions and locations across the globe. Linde is committed to technologies and products that unite the goals of customer value and sustainable development.
For more information, see The Linde Group online at www.linde.com